Rep. Jimmy Gomez Calls on SBA to Step Up and Support Content Creators and the Digital Creator Economy
Washington,
April 29, 2025
Rep. Gomez is calling for more tailored small business resources for digital entrepreneurs fueling a $250 billion industry WASHINGTON, DC – Today, Representative Jimmy Gomez (CA-34) is calling on the Small Business Administration (SBA) to step up support for content creators—an increasingly powerful part of the small business economy. In a letter to SBA Administrator Kelly Loeffler, Rep. Gomez urged the agency to provide more services and resources tailored to the unique needs of digital entrepreneurs who are building businesses on social platforms. “The content creator economy is a robust economic and social infrastructure which has experienced unprecedented growth in recent years. This growth has driven a major shift in our social and economic ecosystem as online social platforms have become an epicenter for ideas and commerce,” wrote Rep. Gomez. “I write to urge the Small Business Administration to support this fast-growing industry by providing services and programs that will help content creator small businesses continue to thrive and contribute to our economy.” “Content creators and influencers form the backbone of this thriving economic sector and represent a rapidly expanding segment of small business entrepreneurs across the country. Their innovative contributions fuel job creation, shape consumer spending habits, and spark growth in our economy,” continued Rep. Gomez. “My district in Los Angeles in particular serves as a global hub for content creation due to its deep roots in media and entertainment as well as a rich history as home to a thriving, diverse community of creative talent.” Rep. Gomez is demanding the SBA to outline how it is helping creators with key challenges like taxes, intellectual property, business loans, and managing irregular income. His push comes as more Americans build careers through platforms like TikTok, YouTube, and Instagram. According to Goldman Sachs, content creators and influencers collectively form an over $250 billion creator economy that is projected to grow to nearly $500 billion within the next four years. This effort builds on Rep. Gomez’s January listening session with leading social media influencers, held just days before a potential TikTok ban. There, he emphasized the need for better tax and legal support for creators, and reaffirmed his opposition to policies that would harm the digital creator economy. You can read the full letter HERE. ### |
